ASICMINER: Entering the Future of ASIC Mining by Inventing It

[conv3rsion]

At 3.61 BTC per share and a weekly mining dividend of 0.015, AM is 22% APR with absolutely NO HARDWARE SALES included.

LOL shit just got stupid cheap.

[ninjarobot]

In other words, if BTC drops to 10-15% it's current value, AM should rise at least 500%.

That would be a share price of ~25 BTC. Given that there are 400K outstanding shares that would be 10M BTC. Or nearly every BTC ever mined until today. Not going to happen

[EskimoBob]

why is AM just hit 3.95?

Who in the world sold for that?

Some people thought people would sell off cuz of the BTC price drop. So they sold off and thus caused a panic when others saw the fall in price.

It is just good old fashion price manipulation. The fundamentals did not change.

What fundamentals? AM has published exactly ZERO reports. Nobody knows wtf is really going on.
Why are they keeping AM numbers secret? Those mh/s based estimates of AM's financial state are, mildly put, brain farts.
Until friedcat has not published complete financial reports, we have no idea what AM is worth. It can be 0.01 BTC or 5.

[AMuppInTime]

At 3.61 BTC per share and a weekly mining dividend of 0.015, AM is 22% APR with absolutely NO HARDWARE SALES included.

LOL shit just got stupid cheap.

I wish I had more float to buy between 3.3 and 3.9: hamburger time right now.

[freedomno1]

Well I'm broke buying too many cheap shares ^^
Wish I had more so I could keep noming
Now I need to look forward to when the real units come out
Fundamentals are no different price did drop like a tank but I'm long bit

[r3wt]

ASIC miners killed bitcoin profitability. who knew.

[superduh]

well it could "rise" by the % drop vs USD.. but his ratio is 50x. i think that was a mistake

Oh my...

I simply cannot comprehend the amount of fail on this page.

You don't understand percentages, superduh?

You think AM is some magical hedge where everyone will take very little return and we will just magically keep it hedged, deadgiveaway?

Off to la la land...

dont be afraid of people smarter than you
no i dont think AM is a perfect hedge. nothing is.
you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly.
think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices

[Eric Muyser]

well it could "rise" by the % drop vs USD.. but his ratio is 50x. i think that was a mistake

Oh my...

I simply cannot comprehend the amount of fail on this page.

You don't understand percentages, superduh?

You think AM is some magical hedge where everyone will take very little return and we will just magically keep it hedged, deadgiveaway?

Off to la la land...

dont be afraid of people smarter than you
no i dont think AM is a perfect hedge. nothing is.
you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly.
think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices

500% is 5x and it was not a mistake. Oh so very smart you are.

[TsuyokuNaritai]

The Wonderful World of Wildcat Wednesdays!



Is it gonna be like this every week now?

[foxykah]

So I lost 35% on BTC/USD price drop, and 6% on AM price drop. Fine.

[foxykah]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

[superduh]

well it could "rise" by the % drop vs USD.. but his ratio is 50x. i think that was a mistake

Oh my...

I simply cannot comprehend the amount of fail on this page.

You don't understand percentages, superduh?

You think AM is some magical hedge where everyone will take very little return and we will just magically keep it hedged, deadgiveaway?

Off to la la land...

dont be afraid of people smarter than you
no i dont think AM is a perfect hedge. nothing is.
you make a bunch of assumptions that may be true today but not in a couple months. in the future AM will likely pay it's vendors in bitcoins directly.
think outside your box. it's an imperfect market but, yes AM hedges against the fall in the USD prices

500% is 5x and it was not a mistake. Oh so very smart you are.

my bad..... i misread. i thought he said drops by 10-15%, after re-reading it i realized he said 10-15% of it's current value. so yes, you are right it is 5x and it's still a wrong assumption (which we both agree on)

[JordanL]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Can I have your shares?   

Come back to this post in two months and see how this investment is doing for you. 

[AMuppInTime]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments:  don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

[freedomno1]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments:  don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

Fourth If its at 4.7 on BTCT come help me finish the darn 0.043 walls at havelock ha-ha arbitrage

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes to follow the crowd

[AMuppInTime]

Fourth If its at 4.7 on BTCT come help me finish the darn 0.43 walls at havelock ha-ha arbitrage

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes

I only trust BTC-TC for trading purpose. Havelock appears foreign to me. Plus woah trading on multiple platforms appear to be a whole new ball-game, arbitrage plays have too many points of failure for me right now.

[freedomno1]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Don't. We all have lost some skin, but it's meaningless in the end and we know it.

Second, let time do its thing and stop letting emotions affect your investments:  don't trade if the possibility of losing money (or all) might bring about some thought of killing yourself.

Third, Bitcoin or ASICminer are good investments but don't worry so much about having to catch the train. I remember when I was arguing with my banker that I wanted to invest in GOOG at the IPO but he argued with me that they were clearly overpriced at 60 or so... Same happened with Ebay. Some 10 yrs later I've learnt that there will always be new trains, even if they only show up every few years, you just have to make sure the time is right for YOU.

Fourth, ASICminer is trading again over 4.7, I'm sure you're feeling better about that.

Fourth If its at 4.7 on BTCT come help me finish the darn 0.43 walls at havelock ha-ha arbitrage

Agree with points 1 to 3 if you believe bitcoin is the train best to just pile up more when people are running
That's emotional investing logical would need good reasons such as fundamental changes

I only trust BTC-TC for trading purpose. Havelock appears foreign to me right now.

Lightbox has delivered for me I have used Canbit before and never had an issue
With havelock no issues as well less that DDOS today ha-ha but he just doesn't advertise much
I can see why btc-tc is preferred though it has more stocks too
And evil people putting overvalued options he-he

Edit In: Exchange arbitrage can be sexy though since its all the same ASICminer

[empoweoqwj]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Could have been much worse. You could have bought in at $266 ....

Bitcoin is notorious for bubbles and bursts because its almost entirely sentiment driven. People think its too high and it crashes and crashes, until all the "nervous types" i.e. non-professionals have sold out. Then the pros buy back in cheap, the price starts going up again, and the public joins in again.

The next bubble could we well over $266.

So $118 is really not that bad. There's a lot more upside from $118 than downside.

And if going from $118 to $70 was more than you could afford to lose then you disobeyed the first rule of investing.

Hang in there, it will turn around soon.

[freedomno1]

It sucks to be one of those, who bought in @118 USD/BTC price...I think I might just kill myself.

Could have been much worse. You could have bought in at $266 ....

Bitcoin is notorious for bubbles and bursts because its almost entirely sentiment driven. People think its too high and it crashes and crashes, until all the "nervous types" i.e. non-professionals have sold out. Then the pros buy back in cheap, the price starts going up again, and the public joins in again.

The next bubble could we well over $266.

So $118 is really not that bad. There's a lot more upside from $118 than downside.

And if going from $118 to $70 was more than you could afford to lose then you disobeyed the first rule of investing.

Hang in there, it will turn around soon.

Well to be honest if we look at the previous history it probably will go lower but history does not always repeat itself
That's fine too there are a lot more developments occurring than the last time it went down
Winklevoss twins retailer networks more sites accepting bitcoin the San Jose Convention increasing number of meetups
http://bitcoincharts.com/charts/mtgoxUSD#rg1460ztgSzm1g10zm2g25zv

So we may be among the few to say we were here in 2013 when 2015 pops by lol

[bobboooiie]

So many weak hands, so much free money laying around and I have to be sleeping during all of that